In a report released today, John Blackledge from TD Cowen maintained a Buy rating on Amazon (AMZN – Research Report), with a price target of $240.00.
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John Blackledge’s rating is based on Amazon’s strong performance in key areas such as AWS and advertising revenue, which are projected to grow significantly. Despite some concerns about tariffs and consumer sentiment, Amazon’s operational income forecast for the first quarter of 2025 is notably higher than consensus estimates, driven by efficiencies in fulfillment and a robust value proposition for consumers.
Blackledge acknowledges potential macroeconomic headwinds but believes Amazon is well-positioned due to its large Prime member base and strong consumer appeal. The company’s ability to maintain revenue growth and operational income above expectations, even in a challenging economic environment, supports the Buy rating. Additionally, improvements in cost efficiencies and faster delivery speeds are expected to continue benefiting Amazon’s North American eCommerce business.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $265.00 price target.